Based on the SOL/USDT chart shown, here is a detailed analysis:
1. Main Trend
The current price is at $186.90, with a clear downtrend.
The 50 EMA (yellow line) at $190.96 is below the 200 EMA (green line) at $199.58, indicating a death cross. This is a bearish signal indicating the dominance of the downtrend.
2. Support and Resistance Levels
The nearest support is seen around $182.00 (the lowest level on this chart).
The nearest resistance is around $190.96 (50 EMA) and previously at $199.58 (200 EMA).
3. Volume
The daily trading volume is seen low in the current consolidation area, indicating market uncertainty. The last peak volume occurred at the previous price spike.
4. MACD Indicator
DIF (-0.68) is below DEA (-0.57), with a negative histogram (MACD: -0.11). This indicates that bearish momentum is still ongoing, although the weakening of selling pressure is starting to appear.
5. Moving Averages (MA) Condition
MA 5 is at $65.64 million, while MA 10 is at $111 million, which confirms that the short-term average is still bearish.
6. Price Pattern
Price forms a pattern of lower highs and lower lows, confirming a downtrend.
There is potential for consolidation or formation of a breakout pattern from the $182.00 level.
Strategy Recommendations
1. Bearish Outlook (Sell / Short Position):
If the price breaks below $182.00, this could be a confirmation of the continuation of the downtrend.
The next target is in the range of $175.00 - $170.00.
2. Bullish Outlook (Buy):
Wait for a breakout above $190.96 (EMA 50) to confirm a trend reversal.
Next resistance target at $199.58 (EMA 200).
3. Consolidation:
If the price remains within the range of $182.00 - $190.96, avoid large positions, and watch for further signals.
Pay attention to market sentiment and fundamental news that may affect the price of SOL/USDT.